Federal income taxes are not deductible. Similarly, you cannot deduct your payment of FICA on wages or the additional Medicare taxes on earned income (0.9% over your threshold amount) and net investment income (3.8% if your adjusted gross income is over a threshold amount). However, the 2014 payment of 2013 federal income taxes is credited to your 2013 return; any excess payment can be refunded to you or applied toward your 2014 federal tax liability.
A written determination issued to a taxpayer by the IRS that interprets and applies the tax laws to the taxpayer’s specific set of facts. A letter ruling advises the taxpayer regarding the tax treatment that can be expected from the IRS in the circumstances specified by the ruling. It may not be used or cited as precedent by another taxpayer.